• Sink or Swim: How to Stop Sabotaging New Hires

    You've jumped through the hiring hoops and emerged with some transformational talent. Before joining your company, Joe slashed costs and doubled revenue at his previous job, and Sue is known for building record-breaking teams and product launches. It should take them no time to produce similar results in your organization, right? In reality, Joe and Sue’s performances will hinge heavily on how you manage their post-hire assimilation: a cycle all new hires experience, lasting...

  • It's Time For The U.S. to Adopt a Presidential Regional Primary and Caucus System

    As a high school senior at North Central High School in Indianapolis, Martin Moore, one of the best teachers that I ever had, challenged our Accelerated American Government class to think about how we nominate presidential candidates in the United States. Little did I know at the time that our conversations about changing the presidential primary/caucus structure would ring so true a few decades later. In response to Mr. Moore’s challenge, I wrote a paper outlining...

  • Why HR Should Embrace AI

    With the increased introduction of artificial intelligence, many companies worry about its long-term effects. Although AI has been adopted by many industries, the common fear remains: Will AI eventually take over our jobs? Contrary to this belief, AI can be extremely beneficial in helping humans improve productivity at work,make their day-to-day tasks easier and allow more time for creative tasks only humans can perform. One department that can especially benefit from jumping on the...

  • Market Caps: What's in Your Portfolio?

    Investors understand the importance of having a proper balance of large-, mid-, and small-cap companies in their stock portfolios. Unfortunately, there are no strict rules followed by index funds when categorizing by company size. When you "check under the hood" of your portfolio, you may discover you’re taking more (or less) risk than you intended! What Is Market Cap? Market capitalization, or market cap, is a term used to represent the size of a company.

  • The Importance of Music Education in Our Schools

    With March being Music In Our Schools month, a month dedicated to supporting school music, now is a great time to recognize this importance and take a look at why schools need to have music education programs. As school districts continue to face increased demands with limited resources, they are often forced to eliminate music and arts programs first to keep up with costs. However, research continues to...

  • AUDIT Your Customer Service

    Imagine waiting in line for service for 12 minutes and then just as you reach the window the employee leaves for lunch without explanation. Surprisingly, events like these happen too often, in fact I had such an experience the other day. Could it have been at your place of business? I've worked in service businesses for more than three decades and now as a consultant to them I often hear familiar verbiage. "Our customer conversion numbers have reached...

  • How Indiana Can Become a Leader in Inclusion

    Diversity has always been a hot topic among HR professionals. While race and gender have historically been front and center in discussions on diversity, disability and culture are picking up speed as businesses are increasingly focused on how diversity in their workforces supports their bottom line goals. Through disability inclusion consultation and training, Tangram Business Resourcing empowers businesses to be intentional with inclusion strategies. There are many companies...

  • Wojtowicz founded Indianapolis-based Cambridge Capital Management Corp. in 1983.

    Small-Business Financing Helps Hoosier Sock Maker Step to Success

    The recent sale of Martinsville-based For Bare Feet to a New York private equity firm is a success story. It was Sharon Rivenbark’s idea. She started For Bare Feet more than 30 years ago with nothing but an antique sock-knitting machine and help from her son and, eventually, four daughters. They were in a tiny building in just-as-tiny Helmsburg in Brown County. Beginning with a sale to Indiana University’s book store, they slowly found markets for their creative, brightly...

  • Are You Making the Most of Your HSA?

    The increase in high-deductible health plans is contributing to the rising popularity of Health Savings Accounts (HSAs). As of mid-year 2018, according to Morningstar, HSA assets reached $51 billion!  Can you invest the funds in your HSA? Yes, but here’s what you need to consider.  First, a quick refresher on health savings accounts is in order. HSAs are only available to those covered by a qualified high-deductible health plan (HDHP). The minimum deductible...

  • Robby Slaughter

    Tips for Productive Presentations in the Workplace

    You should be making presentations at work. There is no more powerful method for communicating ideas, building value, earning respect and gaining support than standing in front of a group and speaking with passion. Nevertheless, most of us have been the victim of terrible experiences in the conference room. 

  • Social Media Marketing: Get To The Point

    I'm a writer at heart, and I tend towards longer form pieces like essays and blog posts. Put another way, I’m not always great at communicating with brevity. There are many topics that absolutely need longer form context to adequately communicate a more substantive message. But, if we’re being honest with ourselves, there are just as many topics where a good editor would make the communication far more fluid. This is one of the reasons I have a love/hate relationship with...
  • Dan Arens is an Indiana-based business growth advisor.

    Grow Your Business: Do Not Delay

    Everyone has done it. Put things off. It is also known as procrastination, delaying things until tomorrow, when you could do them today. But tomorrow never comes. In a recent article for Entrepreneur, writer Aytekin Tank makes a compelling argument on how to stop putting things off. While much research has been compiled over the past several decades, procrastination comes down to each individual and how they deal with it, since everyone is confronted with it at one time or another...

  • Credit Card Balance Transfers: Worth the Hassle?

    There’s no denying it. Americans love their credit cards. They’re convenient to carry and come in handy for unexpected expenses. Some even reward you with cash/points/travel miles just for using them. But far too many Americans face out-of-control credit card debt. Are you one? If so, isn’t it time to get out of the rat race? Let’s look at the overall picture. According to Fortune.com, Americans have about $974.2 billion in credit card debt. That’s an...

  • Businesses Rely on General Aviation

    The business community in Dubois County is dominated by a niche industry: furniture. Some of the county’s largest employers are furniture manufacturers, like Best Home Furnishings, Masterbrand Cabinets, Kimball International, and my business, OFS. Though our businesses have locations across the country, we all take advantage of Indiana’s manufacturing tradition. By basing large plants in smaller towns like Huntingburg, Jasper and Ferdinand, we promote economic development...

  • How to Win Business and Influence People Part 2: Be a Better Merchandiser

    If your goal is to show a positive return on your invested marketing dollars, there are three key elements of your strategy that must work in harmony — the math, the merchandising, and the messaging.   In part one I emphasized how important it is to create a unique selling point or compelling offer (the message), so you can generate immediate response and track your advertising. In part two I'll focus on how important it is to maximize opportunities created by your...

  • An Overlooked Workforce: How to Develop Employees Who Are Too Often Underserved

    When it comes to employee professional development programs, most companies seem to have it all figured out - on the surface, at least. Maybe they offer leadership development training to young professionals or perhaps they allow individuals to participate in growth-focused special projects. In turn, the employees participating in these types of programs are often the ones selected for internal promotions and advancement opportunities. It seems like a win-win for everyone.

  • Scott Flood is the owner of Scott Flood Writing.

    Better Ways to Prufrede

    I've witnessed many changes in my career, and one of the most disturbing is a dramatic increase in the number of typos and other mistakes in materials produced by companies and organizations. I believe it’s the result of three factors: an emphasis on haste, a reliance on spellcheckers in software, and creeping ignorance about spelling and language. So are mistakes really a big deal? They can be. I remember when NASA lost a $125 million spacecraft because one of the teams...

  • Do Reverse Mortgages Deserve Their Bad Rap?

    Many preconceived notions surround the term "reverse mortgage," And, a lot of them are negative. In fact, it’s practically become taboo to broach the topic within the context of financial planning. But why is that? What is a reverse mortgage and how does it work? Simply put, a reverse mortgage allows borrowers to tap into their home’s equity (similar to a home equity loan) without having to make a monthly payment. To qualify, the following requirements must...

  • Indiana's Regrettable Struggle to Pass Hate Crime Legislation

    It shouldn’t be this hard. The Senate’s Public Policy Committee voted 9-1 in favor of SB-12 this week, a bill that would have codified (as written) hate crime bias to include protections for race, religion, color, sex, gender identity, disability, national origin, ancestry, sexual orientation, and age. SB-12 then made its way to the full Senate. Preceded by a lengthy deliberation by the Senate’s Republican caucus, the Senate voted 33-16 in favor of a watered-down...

  • Using The Police as a Viable Resource

    Your local law enforcement agency exists to safeguard the community, and that includes your organization's facilities. To protect your places and people effectively, officers need you to play an active role. First, the police want you to call if something isn’t right. There’s a common misconception that officers will be angry if a call they receive turns out to be unfounded, or that they’ll make light of the situation or caller. The reality is that police...

  • A Pro Photographer Can Be Your Best Friend

    It's no surprise that an estimated 8.8 trillion photos were taken worldwide during 2018, given that most of us carry high-quality cameras in our phones. But shooting all those photos doesn't make us photographers. Digital technology has become a powerful equalizer in so many ways. Everyday people have access to tools that are far more sophisticated than what professionals had at their disposal a couple decades ago. High-school-age musicians can craft 24-track studio recordings in the...
  • Deducing Deductions For The Home Office

    It's tax season. Knowing that the gig worker is often at home working hard, it's important to understand how your workspace affects your tax return. The home office expense still elicits occasional eye rolls from tax professionals who are well aware of its historical misuse and abuse. And some taxpayers avoid claiming legitimate home office expenses, for fear of getting audited. Certified number crunchers often did little to allay their worries. (Maybe they thought avoiding the line...

  • Perspectives: INPower

    • Educating New and Current Workforce to Fulfill Advancing Energy Sector Needs

      As entire industries begin moving toward hybrid, electrified, and advanced power sources, a new set of talent and expertise is required in the workforce. In 2018, advanced clean energy jobs outnumbered fossil fuel jobs by four to one in the Midwest. Today, Asia and Europe are ahead of the U.S., as the needs for advanced power and batteries have grown exponentially. The state of Indiana is now well on its way to leading a new job growth with projects in the electrification of private...

    • Environmental Literacy for Indiana’s K-12 Students

      The world’s leading climate scientists have spoken. If left unchecked, the current rate of greenhouse gas emissions not only endangers the health and security of future generations, but could bring major environmental and social crises as soon as 2040. The landmark report issued in October by the United Nations Intergovernmental Panel on Climate Change predicts climate-related risk to natural systems as well as to human health, livelihoods, food security, water supply, and...

    • Discovery Park's Innovation Impact

      Together with the city of West Lafayette, Purdue University is embarking on a transformational placemaking project to create a new innovation community called Discovery Park District (DPD).  Comprised of more than 200-plus acres, more than $1 billion in new public/private development, and spanning the next 30 years, the vision for DPD is to create a so-called “smart community” that will become a destination for students, faculty, residents, companies, innovators, and...

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  • Perspectives: Manufacturing & Logistics

    • Businesses Rely on General Aviation

      The business community in Dubois County is dominated by a niche industry: furniture. Some of the county’s largest employers are furniture manufacturers, like Best Home Furnishings, Masterbrand Cabinets, Kimball International, and my business, OFS. Though our businesses have locations across the country, we all take advantage of Indiana’s manufacturing tradition. By basing large plants in smaller towns like Huntingburg, Jasper and Ferdinand, we promote economic development...

    • New Emissions Regulations to Hit The Bottom Line

      Starting Jan. 1, 2020, the International Maritime Organization will require all fuels used by container ships to contain no more than 0.5 percent sulfur. The cap is a significant reduction from the existing sulfur limit, which is 3.5 percent, and is well below the industry average of 2.7 percent sulfur content. The new regulation is a year away, but the impact will hit the bottom line in 2019 for companies that import or export goods.

    • How VR and AR Can Help Keep Engineers Safe and Manufacturing Strong

      The 2018 Indiana Manufacturing Survey, published by accounting firm Katz, Sapper & Miller, found that 91 percent of Hoosier manufacturers expected to see increases in revenue in 2018. After years of uncertainty, the local manufacturing industry remains a competitive force in the state, in part because of the availability of smart, connected and often automated technology. Augmented reality (AR) and virtual reality (VR) are no exception, and the application of these technologies...

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  • Perspectives: Life Sciences

    • IBRI collaboration helps discover a new genetic disease

      A collaborative research project led in part by the Indiana Biosciences Research Institute (IBRI) has resulted in the first description of a new monogenic disease, named, “DHPS Deficiency.” Our study identified the first human mutations in the deoxyhypusine synthase (DHPS) gene and described certain cellular effects that result from these mutations. 

    • Research-Backed Policy Recommendations to Improve Healthcare Delivery

      The mission of the Regenstrief Institute is to improve health and healthcare, locally, regionally, and around the world through innovation and applied research into a range of critical issues facing our healthcare system and the health of people and populations. 

    • Indiana’s major research institutions impact our economy, talent, innovation and communities

      From the state’s earliest beginnings, research universities have contributed significantly to Indiana’s society and economy. Indiana University, Purdue University and the University of Notre Dame have a powerful impact on our state with a combined 1.44 million living alumni, $1.3 billion in annual research expenditures, and resources that touch all 92 counties. 

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  • Perspectives: Ag INnovation

    • Rural Nonprofits Lack Planning Expertise

      There have been several efforts targeting the advancement of rural communities and their welfare. However, the nonprofits that play a pivotal role in providing service to these same areas are struggling to operate efficiently. A recent survey conducted puts the focus on their plight. Our firm appealed to over 100 organizations in a 20-county area focused in southeastern Indiana, bordered primarily by Interstates 65 and 70. The results were not surprising.

    • Avoiding Accidental Franchise Pitfalls

      Most people think they know a “franchise” when they see one—McDonald’s, Subway, 7-Eleven, Anytime Fitness, to name a few. However, there are some franchise relationships that are not so obvious. Many business relationships, including those in manufacturing and distribution, could easily become “accidental” franchises if companies are not careful. 

    • Innovate, Collaborate and Take Indiana to the Next Level

      When I think about what makes Indiana so great, many things come to mind: our stellar business climate, our world-class life sciences industry, our cutting-edge technology scene, and our enviable agriculture sector.  

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  • Perspectives: BigWigs & New Gigs

    • David Carr

      What Does New York’s New Harassment Law Tell Us About The Future of Harassment Training?

      No one in Indiana says, “As New York goes, so goes America!” On the other hand, the wise employer may want to give some attention to the new law that went into effect in New York on October 9. It may well be a harbinger of things to come, and may at least suggest some best practices. Moreover, if you have any employees in New York, this law applies to those employees.

    • Chris Mennel

      Improving Efficiency At Board Meetings

      Unproductive board meetings waste time, demotivate board members and frustrate staff.  While most boards function relatively well, they may not be functioning at their highest level. Here are several simple changes you can make right now that will keep your meetings productive and on target. Implement a consent agenda.

    • Scott Burns

      Hierarchy is Dying. Is Your Organization Ready?

      When I was growing up and just entering the workforce, it was common to hear the following statements of wisdom: “Work hard and you’ll be noticed.” “It’s important to wait your turn.” “Companies reward those who make a long-term commitment.”

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  • Most Popular Stories

    • (photo courtesy Butler University)

      Aramark to End Operations at Butler

      Aramark Educational Services LLC has detailed plans to lay off 200 workers in Indianapolis. In a notice to the state, the company says the decision is the result of Butler University not renewing its contract to provide food services on the campus.

    • Metal Powder Products has Indiana operations in Noblesville and Campbellsburg.

      Manufacturer Growing Noblesville Operations

      Noblesville-based Metal Powder Products has announced plans to move a manufacturing division from Ohio to Hamilton County and add up to 80 jobs by 2020. The powder metallurgy product manufacturer says it will invest $1.5 million to increase production capacity in Indiana. The company currently employs more than 350 associates in its Noblesville and Washington County operations, and over 1,100 overall in the U.S. and China. MPP says it has already hired 51 employees as part of the...

    • Sink or Swim: How to Stop Sabotaging New Hires

      You've jumped through the hiring hoops and emerged with some transformational talent. Before joining your company, Joe slashed costs and doubled revenue at his previous job, and Sue is known for building record-breaking teams and product launches. It should take them no time to produce similar results in your organization, right? In reality, Joe and Sue’s performances will hinge heavily on how you manage their post-hire assimilation: a cycle all new hires experience, lasting...

    • Ting Gootee is the chief investment officer for Elevate Ventures.

      Indiana Lags Behind Neighbors on VC Investment

      A new report from Indianapolis-based Elevate Ventures says Indiana remains behind other states in the Midwest for venture capital investment. The 2018 Indiana Venture Report shows the state accounted for only 0.22 percent of all venture capital dollars last year. Ting Gootee, chief investment officer at Elevate, says while there is room to grow, Indiana is on the right path. In an interview with Inside INdiana Business, Gootee said a venture community requires different...

    • Chandler Speedway Auction Postponed

      The Chandler Speedway auction scheduled for this week has been canceled. Our partners at WEHT-TV report that track owner Reno Fontana has filed for bankruptcy in order to put a freeze on any debt collection, including sheriff's sales.